The most promising local growth startups working on solutions in the Internet of Things (IoT), big data analytics, content delivery, cyber security, or customer experience enhancement space have a huge new opportunity to scale their business through Go Ignite, the recently-announced innovation alliance of the Singtel Group with its European counterparts.
The alliance, composed of the innovation arms of Deutsche Telekom (hub:raum), Orange (Orange Fab), Singtel (Singtel Innov8), and Telefónica (Telefónica Open Future), offers to help top startups in the Philippines and abroad find business development opportunities, accelerate the commercialisation of their innovations and bring their business outside their home market. Up to five innovative startups will be selected for the program: the global call for startups to apply will be open until 11:59PM CET on April 30, 2016. Applications are submitted via the Telefonica Open Future platform. Shortlisted startups will be invited to pitch to the Go Ignite Alliance members.
“We are thrilled to see developments like Go Ignite giving Philippine startups a path to penetrating the global market. Through the collective resources of these four major global carriers, any startup shortlisted to the top five would have a wealth of opportunities and services to help them accelerate their global growth aspirations,” said Minette Navarrete, President of Kickstart Ventures, Inc., a wholly-owned venture capital firm of Globe Telecom which is also a part of the Singtel Group.
Kickstart is a founding member of Singtel Group’s Innov8 Sparks, a network of technology startup support and funding initiatives. Kickstart helps startups by breaking down barriers that prevent founders from accessing capital, mentors, and markets. The VC firm’s network of business connections build virtual bridges to enable close and relevant engagement between the business community and startup founders.
To translate their ideas into viable solutions quicker, selected startups will benefit from the alliance members’ insights into different markets, introductions to partners, use of co-working spaces, potential investment, coaching, mentoring, invitations to showcases and events, and access to the alliance members’ operating businesses. They will also have the opportunity to gain access to Go Ignite alliance members’ business units and their collective customer base, which includes enterprises and consumers, equating to over one billion mobile customers across five continents.
Edgar Hardless, Chief Executive Officer, Singtel Innov8, said: “The Go Ignite alliance helps startups succeed in multiple markets by providing them with the right resources that are critical for their commercialisation. Selected startups can expect access to the alliance’s business units and refine their solutions within a sizeable customer base. Combining our resources together, the Go Ignite programme can give startups a better chance to scale across markets worldwide.”